Weekly: trapped inside a wedge structure. Daily: bearish.
Strong support at $3,980 is holding for now. The next lower level I see sits around $3,880.
Upper big resistance: $4,100 to $4,225. A clean break and push above $4,450 is needed for bulls to regain traction.
My take: Bears remain in control under these levels and inside the wedge. Lose these levels, and price might keep moving down toward $3,650 or even $3,500.